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U.S.-Pakistan Women’s Council Launched
(RTTNews) - US Secretary of State Hillary Clinton on Monday announced the launch of the U.S.-Pakistan Women's Council on the margins of the UN General Assembly, in the presence of Pakistan's Ambassador to the United States, Sherry Rehman. Recognizing the critical role economically empowered women play in strengthening stability, security, and prosperity, the Council's core mission is to promote the economic advancement of women in Pakistan.
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- Region
- South Asia
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LendmeMula introduces ZimSwitch enabled MulaConnect card
One of the issues with the LendmeMula micro-credit service that we have covered here before, is that so far borrowers have had to wait for up to 24 hours before they could access the borrowed money in their bank accounts. The money had to be transferred by Lendme to their bank accounts. This made the process somewhat slow, and where a borrower did not have a bank ATM card, they had to pray they could access their money before the banks closed their doors.
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- Technology
- Region
- Sub-Saharan Africa
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Financial Inclusion of Women: The Need for Systemic Approaches, Savings, and Tailored Financial Products
Financial institutions—in particular those in microfinance—need to reexamine the lessons of the past and begin prioritizing the creation of financial services that truly benefit poor women in order to address this divide, said Mary O’Keefe, founder of two leading Mexican microfinance institutions (FINCA and CAME) and ProDesarrollo, the association of microfinance and enterprise development.
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More than Ceremony: In Rwanda, Reflections from the 10,000 Women Graduation
I’ve returned to spend the week overseeing the preparation for the graduation of the eighth cohort of the Goldman Sachs 10,000 Women Entrepreneur Certificate program. On July 27 (a Friday), Jeannette Kagame, the First Lady of Rwanda would be attending our ceremony as 29 women are awarded their certificate. We are honored that she is able to attend, and eager for her to not only celebrate with us the completion of an extensive, nine-module, 31-day training program, but also to see what an amazing group comprise the 10,000 Women Rwanda graduates.
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- Education
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Moving Beyond Access for Meaningful Financial Inclusion: Targeting investments to improve financial capability
Who are the relevant stakeholders to help bridge this financial capability gap? We are looking to explore these and related questions through 10 or more new research projects that we initiate at Innovations for Poverty Action (IPA) over the next two years, with support from the Citi Foundation.
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- Education
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How Microfinance Institutions Can Manage Default Risk AND Build Financial Inclusion
High client growth and low default rates are typical benchmarks for gauging the success of MFIs. But the two measures can be counterproductive for MFIs looking to achieve real social impact through financial inclusion. Achieving low default rates and higher client growth rates together is only possible when the client’s cash flows are more than adequate to cover the average loan size.
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Insights from G2012 Mexico Financial Inclusion Twitter Conference
Great insights and knowledge surfaced about how to provide valuable, affordable, secure, and comprehensive financial services to underserved and excluded communities during a six-hour long multilingual #SocEntChat on Twitter last month. It was part of the G2012 Mexico Financial Inclusion global competition that is seeking the world’s most innovative solutions for financial inclusion, organized by Ashoka Changemakers and G2012 Mexico. Don’t worry if you missed it, here’s a recap.
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Rural banks partner with telcos to boost microfinance
Rural banks will soon have their own set of “killer apps” to better compete with bigger banks and, more importantly, expand their microfinance services in the Philippines.
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- Technology
- Region
- Asia Pacific